Europe ยท NOK ยท Norges Bank

๐Ÿ‡ณ๐Ÿ‡ดNorway

Norwayโ€™s $530B economy grew 1.1% in 2025; the IMF projects 1.5% for 2026. Inflation is 3.3% (Aug 2026) against a 4.50% policy rate.

#32 GDP worldwide#15 in EuropePolicy stance HikingCompare all economies
๐Ÿ‡ณ๐Ÿ‡ด
$530B

GDP in 2025, current US dollars ยท #32 of 56 tracked economies

1.1%

Real GDP growth in 2025; IMF projects 1.5% for 2026

3.3%

Consumer-price inflation, year on year, Aug 2026

4.50%

Norges Bank policy rate, +50 bp over 12 months

Unemployment ยท 2025
4.5%
0.5 ppvs 2024
Government debt
54.0%
1.2 ppof GDP, vs last year
Current account
14.2%
Surplus ยท % of GDP
Population
5.6M
GDP per capita $94.4K
Scorecard

Norway among 56 tracked economies

Marker = percentile. Right is better where a better direction exists; for population and rates, right is higher.

  • GDP
    $530B#32/56
  • Growth
    1.1%#43/56
  • Per capita
    $94.4K#4/56
  • Inflation
    3.3%#29/56
  • Jobless
    4.5%#28/50
  • Debt/GDP
    54.0%#34/56
  • Budget
    10.6%#1/56
  • Curr. acct
    14.2%#3/56
  • Policy rate
    4.50%#14/45
  • Population
    5.6M#53/56
Peers

Growth across Europe

Real GDP growth, 2025

Sources: IMF World Economic Outlook (annual, projections from 2026) ยท BIS policy rates, CPI & FX (monthly, through Sep 2026) ยท World Bank WDI (trade, sectors, FDI, urbanisation)